Question: Find the principal P that will generate the given future value A, where A = $13,000 at 7% compounded annually for 11 years.The principal P

Find the principal P that will generate the given future value

Find the principal P that will generate the given future value A, where A = $13,000 at 7% compounded annually for 11 years.The principal P will be approximately $ .... (Round to two decimal places as needed.)

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Find the principal P that will generate the given future value A, where A=$13,000 at 7% compounded daily for 11 years. The principal P will be approximately $ (Round to two decimal places as needed.)

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